Additional Successes in Pomerantz’s Landmark BP Litigation
In October 2014, Pomerantz once again secured crucial victories in its ground-breaking litigation over British Petroleum’s 2010 Gulf of Mexico oil spill. This time, Pomerantz established the right of individual foreign investors who purchased foreign-traded shares of a foreign corporation to pursue claims for securities fraud in a U.S. court, thereby overcoming obstacles created by the U.S. Supreme Court’s decision in Morrison v. Nat’l Australia Bank Ltd.

A year prior, Pomerantz defeated BP’s motion to dismiss similar claims by individual U.S. public pension funds. Read More